Smart Packaging Market Size, Research Report - Forecast To 2025

Summary

Global Smart Packaging Market Size, Information by Technology (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), Application (Food & Beverage, Healthcare, Automotive, Personal Care, and Others), Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast till 2025

Synopsis

Smart Packaging Market Size has witnessed a tectonic surge in the past few years. Packaging technologies have witnessed innovations due to the changing preferences of the consumers. Additive technologies like oxygen scavengers and antimicrobials are added by quality indicators based on temperature monitoring and gas detection of the products in order to reduce the contamination and deterioration of the food.

Competitive Dashboard

The prominent players operating in this region comprises

TempTime Corporation

3M Company (U.S.)

American Thermal Instruments

PakSense Inc.

R.R. Donnelly Sons & Company

Avery Dennison Corporation

International Paper

BASF SE

Huhtamaki Group

Stora Enso, and Smartrac N.V.

Industry Updates

May 17, 2019: HP Inc will introduce its brand-new HP Indigo 30000 digital press in India with its first-ever installation at the Parksons Packaging Plant in Daman. The digital press is one-of-a-kind digital folding carton press which assists the carton printing industry to cater to the demands coming from the end-users including personal care & cosmetics, healthcare, and F&B sectors.

Segmental Analysis

The global Smart Packaging Market Size, has been segmented on the basis of technology and application.

By mode of application, the global Smart Packaging Market has been segmented into automotive, food & beverages, personal care, healthcare, and others. Among these, the food & beverage segment is predicted to show significant growth rate as they are extensively used to maintain the shelf life of the perishable products.

Regional Insights

Europe bags the second position in the global market due to the high population density. Government imposed strict laws owing to environmental concerns which is triggering the demand for smart packaging in this region. Germany, France, Spain, Italy, and the UK are the major country-specific markets in this region.

The Asia Pacific region is witnessing a significant growth due to the surging industrialization, Factors such as easy availability of raw materials, rising demand for personal care products, cheaper manufacturing costs, and rising use of RFID tags in the automotive industry has spurred the growth in this region. Moreover, strict regulations from the government associated to environmental concerns and high demand for premium luxury products are promoting the growth of smart packaging in this region.

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